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On 6 November 2012, the Court of Justice of the European Union ruled that the European Commission was entitled to represent the European Union in an action for damages before national courts.
Major new enforcement action in the People’s Republic of China shows both the continuing crackdown on price-fixing cartels and an increased level of awareness about the prohibitions.
In 2008, China’s Labour Contract Law provided uniform rules regarding non-compete issues after the termination of an employment relationship.
On 20 September 2012, European Commission officials concluded a Memorandum of Understanding (MoU) with Chinese officials in respect of antitrust law.
The world of international taxation becomes more transparent with every passing year.
The principle of freedom to contract, as a result of which parties are entitled to form contracts without the need for the terms to be written down, is fundamental to English law.
Pursuant to a mandate in the Dodd-Frank Act, the US Securities and Exchange Commission recently issued final rules requiring issuers to account for the use in their products of so-called conflict minerals.
The European Commission has made clear that it is pursuing a broader policy objective of ensuring swift finality to cases in dynamic markets through settlements and commitments.
The UK government Budget announced on 21 March 2012 made substantial changes to the structure of stamp duty land tax in the UK with immediate effect.
The holiday rights of workers who fall ill while on holiday, or are absent on long term sick leave, have been extended further by two recent rulings.
On 10 July 2012, the new decree on the incentive system for the production of electricity by photovoltaic plants was published in the Official Gazette.
The UK Competition Appeal Tribunal has awarded compensatory and exemplary damages to the victim of an abuse of a dominant position.
Since the controversial announcement on 23 January 2012 by Vince Cable, the Business Secretary, that the UK Government intended to implement into law a new corporate governance regime to regulate executive remuneration, there has been much speculation and discussion as to the nature and extent of the proposed regime.
In the last two weeks, both the Agency for the Cooperation of Energy Regulations and the European Securities and Markets Authority have published consultations for market participants on the Regulation on wholesale energy market integrity and transparency and the European Market Infrastructure Regulation, respectively.
Amid the recent bout of judgments painting a complex picture of access to documents in antitrust cases, the latest judgment of the European Court of Justice provides very clear guidance in the specific context of merger control.
As a consequence of the entry into force of the Bribery Act 2010 on 1 July 2011, for the first time, anti-bribery due diligence has become a necessity for companies undertaking mergers, acquisitions and investments.
The eventual departure of one or more countries from the Eurozone, and reversion to national currency(ies) is no longer unlikely.
Since it came into force on 1 July 2011, the impact of the UK Bribery Act 2010 on the giving of corporate hospitality, gifts and other expenses has raised concerns among those who fall under the Act’s jurisdiction.
The US Treasury Department recently issued proposed regulations interpreting sections of the Internal Revenue Code (the Code) commonly referred to as the Foreign Account Tax Compliance Act (FATCA).
The Financial Reporting Council has published a consultation paper detailing revisions to the UK Corporate Governance Code and its accompanying guidance on Audit Committees.